Knowledge management technology: key to successful Drug Discovery, says PA Consulting Grou...


27-02-2004

Andrew Chadwick from PA Consulting Group - the leading international management, systems and technology consulting firm _ will explain how to maximise the impact of knowledge management technology in Drug Discovery, in a paper to be given at IBC's Drug Discovery Technology conference on 10 March at

16.45 at Queen Elizabeth II Conference Centre, London.



Andrew, a consultant in PA's Life Sciences and Healthcare Practice, will explain the different kinds of KM technology and the ways in which they can create business value when applied within R&D.



Even though knowledge management (KM) has been around for three thousand years - in the form of written records - most KM technology implementation projects fail to achieve their objectives. There are two secrets to success:



  • Allow for the human factor - knowledge is information for action by people.

  • Identify and focus on the business improvement goals, not the technical features.



    PA believes Drug Discovery groups need to manage knowledge not just on potential biological targets, chemical compounds, and their interactions, but also on the performance of decision-making processes.



    This approach helps discovery leaders and strategists to maximise the commercial value that can be delivered from the creativity of their scientists. New KM technologies such as Bayesian networks can help drug discovery groups to learn to improve their processes so that they reduce the inevitable uncertainty about project outcomes in the most efficient way.



    The session will be of particular interest to discovery planners, strategists, senior informatics professionals and those concerned with improving the performance of R&D groups.



    Ian Storr and Andrew Ward from PA Consulting Group are running a pre-Conference R&D Project Management Workshop, on Monday 8 March (0930 to 1700) covering: effective portfolio management, project-focussed governance and reporting, effective project team working, and developing and rewarding project managers.



    PA Consulting Group's life sciences expertise spans the range from bench to bedside, including consultancy on business strategy, portfolio and resource planning, technology selection and operational process improvement, supported by advanced analytics, device and process development, and systems analysis and delivery capabilities.



    IBC's Drug Discovery Technology Europe - 8 to 10 March 2004, Queen Elizabeth II Conference Centre, London. http://www.drugdisc.com/europe/default.asp?src=eusplash







    PA: delivering value



    PA Consulting Group is a leading management, systems and technology consulting firm. Operating worldwide in more than 35 countries, PA draws on the knowledge and experience of 3,000 people, whose skills span the initial generation of ideas, insights and solutions all the way through to detailed implementation.



    PA focuses on creating benefits for clients rather than merely proposing them. Our work is founded on powerful insights into our clients' issues, and in the private sector in particular, on the need to deliver superior shareholder returns. We help accelerate business growth by developing innovative products for our clients and by the application of emerging technology. We deliver major transformation programmes, mobilize human resources, and manage complex IT and technically-challenging programmes.



    PA's results-focused approach is founded on a unique commitment to excellence, value and independence:



    Excellence. We are committed to unremitting excellence and quality in every aspect of our work: in our relationships with our clients, in the client assignments we deliver, and in the people we recruit and develop, who enjoy exciting and rewarding careers at PA.



    Value. PA's consultants bring an intense focus on delivering value through deep industry insight, the development and application of technology, and our culture of respect, collaboration and flexibility in working with clients.



    Independence. PA is independent of outsourcing, software, hardware and audit providers. We are the pre-eminent client-side advisor on IT and outsourcing projects, and deliver, in partnership with our clients, business solutions tailored to our clients' needs, rather than solutions pre-determined by commercial alliances. As an employee-owned company, we are answerable to our clients and to ourselves only.







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    For more information please contact:



    Andrew Chadwick +44 (0)7887 540328; email: andrew.chadwick@paconsulting.com



    Beverley Adams +44 (0)1763 285260; email: beverley.adams@paconsulting.com



    or visit www.paconsulting.com/lifesciences



    PA Consulting Group, Cambridge Technology Centre, Melbourn, Herts, SG8 6DP.

    Tel +44 (0)1763 267492 email: lifesciences@paconsulting.com
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    PA Consulting Group is an innovation and transformation consultancy. We believe in the power of ingenuity to build a positive human future in a technology-driven world.

    PA Consulting